Marriott International Inc (NASDAQ:MAR) insider Craig S. Smith sold 5,840 shares of Marriott International stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $136.26, for a total transaction of $795,758.40. Following the completion of the transaction, the insider now owns 26,317 shares in the company, valued at approximately $3,585,954.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Marriott International Inc (MAR) opened at $139.78 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market cap of $50,961.13, a PE ratio of 34.18, a PEG ratio of 2.32 and a beta of 1.35. Marriott International Inc has a fifty-two week low of $81.93 and a fifty-two week high of $140.26.
Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.12. The firm had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.22 billion. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. Marriott International’s revenue was up 43.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 EPS. analysts anticipate that Marriott International Inc will post 4.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Tuesday, November 21st. Marriott International’s payout ratio is 35.87%.
Marriott International announced that its Board of Directors has authorized a share repurchase program on Thursday, November 9th that authorizes the company to repurchase 30,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
Several research firms recently weighed in on MAR. Stifel Nicolaus restated a “hold” rating and set a $132.00 target price on shares of Marriott International in a report on Tuesday, January 9th. BidaskClub upgraded shares of Marriott International from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Morgan Stanley reaffirmed a “buy” rating on shares of Marriott International in a research note on Friday, December 8th. Deutsche Bank reaffirmed a “hold” rating and set a $124.00 price target on shares of Marriott International in a research note on Wednesday, December 6th. Finally, Barclays lifted their price target on shares of Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Marriott International has an average rating of “Buy” and an average target price of $112.62.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Marriott International by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 19,999,062 shares of the company’s stock worth $2,006,106,000 after acquiring an additional 331,586 shares during the period. FMR LLC lifted its stake in shares of Marriott International by 32.5% in the 2nd quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after acquiring an additional 3,780,639 shares during the period. Capital Research Global Investors lifted its stake in shares of Marriott International by 7.2% in the 2nd quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock worth $1,280,257,000 after acquiring an additional 862,710 shares during the period. Eaton Vance Management lifted its stake in shares of Marriott International by 13.1% in the 2nd quarter. Eaton Vance Management now owns 2,371,202 shares of the company’s stock worth $237,855,000 after acquiring an additional 275,477 shares during the period. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Marriott International by 11.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,681,372 shares of the company’s stock worth $185,388,000 after acquiring an additional 167,692 shares during the period. 66.65% of the stock is owned by institutional investors.
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About Marriott International
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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